In this week’s Bulls N’ Bears Big Hits,we examine curious drill hits revealed on the ASX,including Culpeo Minerals’ 298m at 0.98 per cent copper equivalent.
Australia has huge deposits of rare earths and other critical minerals,but exploiting them means competing with China.
Just three out of a total of 461 employees at the Gorgon and Wheatstone Downstream facilities voted supporting Chevron’s proposed enterprise agreements put to them last week.
The Australian sharemarket climbed on the back of healthcare companies after a set of strong results from some of its biggest players and softer wage data.
The ASX-listed lithium player has significantly upgraded estimates for its West Australian deposits.
Pilbara Minerals shares jumped 5.2 per cent after the lithium producer finished its financial year with production of a vital battery ingredient surging by 64 per cent.
The Australian sharemarket fell on Tuesday as a fall in consumer confidence and the Reserve Bank’s determination to pin down inflation weighed on investor sentiment.
Lithium,the soft,silvery-white metal at the heart of the clean energy shift,is in hot demand these days. But the companies mining it have endured a tumultuous few years.
Over the past three years,Pilbara Minerals has gone from treading water to becoming a $14 billion company at the forefront of Australia’s battery boom.
Rio Tinto’s Western Range will produce 25 million tonnes a year of the steel-making ingredient if the miner’s UK and Australian shareholders approve the deal.
Lynas says a rapidly increasing shift to electric vehicles and wind energy has prompted it to expand its Western Australian mine.